M M Forgings Share PriceM M Forgings

₹893.75
-2.5 (-0.28%)
As on 22 September, 2023 | 14:40 BSE: 522241 NSE: MMFLISIN: INE227C01017

M M Forgings Performance

Day Range

  • Low 871.05
  • High 911
893.75

52 Week Range

  • Low 730
  • High 1099
893.75
  • Open Price902.8
  • Previous Close896.25
  • Volume45766

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M M Forgings Share Price

  • Over 1 Month -4.24%
  • Over 3 Month 2.91%
  • Over 6 Month 5.13%
  • Over 1 Year 9.13%

M M Forgings Key Statistics

P/E Ratio 16.8
PEG Ratio 1.2
Market Cap Cr 2,158
Price to Book Ratio 3.2
EPS 52
Dividend 0.7
Relative Strength Index 39.08
Money Flow Index 40.7
MACD Signal -12.32
Average True Range 33.44

M M Forgings Investment Rating

  • Master Rating:
  • M M Forgings has an operating revenue of Rs. 1,488.09 Cr. on a trailing 12-month basis. An annual revenue growth of 28% is outstanding, Pre-tax margin of 12% is healthy, ROE of 19% is exceptional. The company has a reasonable debt to equity of 49%, which signals a healthy balance sheet. The stock from a technical standpoint is trading below to its 50DMA and close to its 200DMA. It needs to take out the 50DMA levels and stay above it to make any further meaningful move. It has recently broken out of a base in its weekly chart but failed to keep its momentum and is trading around -13% from the pivot point. From an O'Neil Methodology perspective, the stock has an EPS Rank of 88 which is a GOOD score indicating consistency in earnings, a RS Rating of 30 which is POOR indicating the underperformance as compared to other stocks, Buyer Demand at D- which indicates heavy supply, Group Rank of 65 indicates it belongs to a poor industry group of Auto/Truck-Original Eqp and a Master Score of C is fair but needs to improve. Institutional holding has gone up in the last reported quarter is a positive sign. Overall, the stock is lagging behind in some of the technical parameters, but great earnings make it a stock to examine in more detail.

EPS Strength

Price Strength

Buyer Demand

Group Rank

M M Forgings Financials
IndicatorJun 2023Mar 2023Dec 2022Sep 2022Jun 2022Mar 2022
Oper Rev Qtr Cr 366372360342327314
Operating Expenses Qtr Cr 303307295280272260
Operating Profit Qtr Cr 626566625553
Depreciation Qtr Cr 181717171615
Interest Qtr Cr 1078776
Tax Qtr Cr 11161311109
Net Profit Qtr Cr 303034323029
IndicatorMar 2023Mar 2022
Total Revenue Annual Cr 1,4251,123
Operating Expenses Annual Cr 1,154903
Operating Profit Annual in Cr 256202
Depreciation Cr 6860
Interest Annual Cr 2927
Tax Annual Cr 4941
Net Profit Annual Cr 12692
IndicatorMar 2023Mar 2022
Cash from Operating Activity Annual Cr 114147
Cash from Investing Activity Annual Cr -156-126
Cash from Financing Annual Activity Cr 2317
Net Cash Flow Annual Cr -1938
IndicatorMar 2023Mar 2022
Total ShareHolders Funds Annual Cr 689578
Fixed Assets Annual Cr 771686
Total Non Current Assets Annual Cr 937825
Total Current Assets Annual Cr 733615
Total Assets Annual Cr 1,6701,439
IndicatorMar 2023Mar 2022
Book Value Per Share Annual Rs 285239
ROE Annual % 1816
ROCE Annual % 1917
Total Debt to Total Equity Annual --
EBDIT Annual Margin % 1920
IndicatorJun 2023Mar 2023Dec 2022Sep 2022Jun 2022Mar 2022
Oper Rev Qtr Cr 370387371358338322
Operating Expenses Qtr Cr 305319299291281268
Operating Profit Qtr Cr 657073675754
Depreciation Qtr Cr 212121201817
Interest Qtr Cr 1078776
Tax Qtr Cr 1116131199
Net Profit Qtr Cr 293136332828
IndicatorMar 2023Mar 2022
Total Revenue Annual Cr 1,4741,154
Operating Expenses Annual Cr 1,189931
Operating Profit Annual in Cr 273209
Depreciation Cr 7968
Interest Annual Cr 3028
Tax Annual Cr 4938
Net Profit Annual Cr 12891
IndicatorMar 2023Mar 2022
Cash from Operating Activity Annual Cr 169151
Cash from Investing Activity Annual Cr -187-126
Cash from Financing Annual Activity Cr 1013
Net Cash Flow Annual Cr -839
IndicatorMar 2023Mar 2022
Total ShareHolders Funds Annual Cr 673560
Fixed Assets Annual Cr 867745
Total Non Current Assets Annual Cr 920795
Total Current Assets Annual Cr 740619
Total Assets Annual Cr 1,6601,414
IndicatorMar 2023Mar 2022
Book Value Per Share Annual Rs 279232
ROE Annual % 1916
ROCE Annual % 2016
Total Debt to Total Equity Annual --
EBDIT Annual Margin % 1920

M M Forgings Technicals

EMA & SMA

Current Price
₹893.75
-2.5 (-0.28%)
  • Bullish Moving Average
  • ___
  • 2
  • Bearish Moving Average
  • ___
  • 14
  • 20 Day
  • ₹925.73
  • 50 Day
  • ₹935.28
  • 100 Day
  • ₹920.64
  • 200 Day
  • ₹894.7
  • 20 Day
  • ₹925.91
  • 50 Day
  • ₹955.74
  • 100 Day
  • ₹918.6
  • 200 Day
  • ₹882.61

M M Forgings Resistance and Support

PIVOT
₹896.42
Resistance
First Resistance ₹902.04
Second Resistance ₹907.82
Third Resistance ₹913.44
RSI 39.08
MFI 40.71
MACD Single Line -12.32
MACD -15.41
Support
First Resistance ₹890.64
Second Resistance ₹885.02
Third Resistance ₹879.24

M M Forgings Delivery and Volume

Period NSE + BSE Volume Avg NSE + BSE Delivery Volume Avg NSE + BSE Delivery Volume %
Day 35,632 1,807,255 50.72
Week 42,242 2,284,025 54.07
1 Month 36,222 2,059,578 56.86
6 Month 40,565 2,360,048 58.18

M M Forgings Result Highlights

M M Forgings Synopsis

NSE-Auto/Truck-Original Eqp

M M Forgings Ltd. is involved in the business activities of Forging, pressing, stamping and roll-forming of metal; powder metallurgy. Company’s Total Operating Revenue is Rs. 1409.28 Cr. and Equity Capital is Rs. 24.14 Cr. for the Year ended 31/03/2023. M M Forgings Ltd. is a Public Limited Listed company incorporated on 21/02/1946 and has its registered office in the State of Tamil Nadu, India. Company’s Corporate Identification Number(CIN) is L51102TN1946PLC001473 and registration number is 001473.
Market Cap 2,164
Sales 1,442
Shares in Float 1.06
No of funds 37
Yield 0.67
Book Value 3.14
U/D Vol ratio 1
LTDebt / Equity 48
Alpha
Beta 0.79

M M Forgings

Owner NameJun-23Mar-23Dec-22Sep-22
Promoters 56.34%56.34%56.34%56.34%
Mutual Funds 16.37%16.81%16.44%16.11%
Foreign Portfolio Investors 1.64%1.65%1.16%0.91%
Individual Investors 21.97%21.51%22.16%22.7%
Others 3.68%3.69%3.9%3.94%

M M Forgings Management

Name Designation
Mr. N Srinivasan Chairman
Mr. Vidyashankar Krishnan Vice Chairman & Mng.Director
Mr. K Venkatramanan Joint Managing Director
Mrs. Sumita Vidyashankar Director
Mr. V Vaidyanathan Director
Mr. A Gopalakrishnan Director
Mrs. Kavitha Vijay Director

M M Forgings Forecast

Price Estimates

2,000(9.8%)
1,758(-3.5%)
1,590(-12.7%)

Other Analyst Rating

M M Forgings Corporate Action

Date Purpose Remarks
2023-08-12 Quarterly Results
2023-05-17 Audited Results & Interim Dividend (Revised) per share(25%)Interim Dividend
2023-02-13 Quarterly Results
2022-11-14 Quarterly Results
2022-08-10 Quarterly Results
Date Purpose Remarks
2023-05-29 FINAL Rs.6.00 per share(60%)Interim Dividend
2022-06-07 INTERIM Rs.6.00 per share(60%)Interim Dividend
2021-07-02 INTERIM Rs.5.00 per share(50%)Interim Dividend

M M Forgings MF Shareholding

Name Amount(cr)
HDFC Hybrid Equity Fund Growth 20789
HSBC Small Cap Fund Fund Regular Growth 11549
Franklin India Smaller Companies Fund Growth 9595
HDFC Multi Cap Fund Regular Growth 8263
Tata Small Cap Fund Regular Growth 6015
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  • Chg(%)
  • Company Name
  • CMP
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M M Forgings FAQs

What is Share Price of M M Forgings ?

M M Forgings share price is ₹893 As on 22 September, 2023 | 14:26

What is the Market Cap of M M Forgings ?

The Market Cap of M M Forgings is ₹2157.6 Cr As on 22 September, 2023 | 14:26

What is the P/E ratio of M M Forgings ?

The P/E ratio of M M Forgings is 16.8 As on 22 September, 2023 | 14:26

What is the PB ratio of M M Forgings ?

The PB ratio of M M Forgings is 3.2 As on 22 September, 2023 | 14:26

Q2FY23